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Author: booyaka Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 33  
Subject: Re: stock decision Date: 4/30/1999 3:17 PM
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I'm gonna research FHNC some more (we all should) to see if it has long-term potential. If it does not, I say we go with Intel and GBLX and if it does, I say we go with it and GBLX and then get Intel next month.
The reason?
From a tax perspective, we probably shouldn't sell (right now) any stocks short because capital gains taxes within a year of holding a stock are at about 40%. Holding a stock past a year, the tax rate drops to 20%. Thus, since we're not in a position to buy megashares (Right now), a lot of our profit from selling a stock short will be eaten up in taxes and we won't have much to show for it at the end (if we were buying at 10,00 shares a pop it wouldn't matter as much). Just something to think about.
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